19th-21st November, 2022

1. India’s first university for the cooperative sector may come up in New Delhi for which the Centre has already given its in-principle approval.
2. The central government has raised the maximum tenure of the managing director (MD) and chief executive officer (CEO) of public sector banks (PSBs) to 10 years from 5 years while retaining the superannuation age at 60.
3. The 8th Norway-India joint working group maritime meeting was held in Mumbai.
4. Maritime SheEO Conference was held at Taj Santa Cruz in Mumbai on the theme of “Changing Leadership Paradigms”.
5. The Government of Karnataka has signed an MOU with Google to support its vision of promoting innovation and spurring the growth of startups across the state.
6. Baliyatra has entered the Guinness World Record for making 22,000 paper boats in 35 minutes. The Guinness Record was created to raise global awareness about Cuttack’s Baliyatra in Odisha.
7. INS Trikand participated in the Combined Maritime Forces (CMF) led Focused Operation “Sea Sword 2” in the Northwest Arabian Sea to counter terrorism, prevent narcotics trade and stop smuggling entities from using the seas for their nefarious activities.
8. Researchers at the Indian Institute of Technology-Gandhinagar has published a study of sequential extreme weather events.
9. SoftBank divested 5% stake in Paytm’s parent One97 Communications for Rs 1,631 crore through an open market transaction.
10. RBI has approved DSP Investment Managers Private Ltd to acquire 99% stake in Equitas Small Finance Bank.
11. Private Equity fund KKR & Co-backed clean energy platform Serentica Renewables has entered into an agreement with Greenko Group, to source 1500 MWhr energy storage capacity through Greenko’s pumped storage projects located in India.
12. Tata Power Solar Systems Limited, a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has partnered with Union Bank of India (UBI) to help MSME sector switch to solar solutions.
13. HDFC Capital, a subsidiary of Housing Development Finance Corporation Ltd, has shortlisted 10 startups for funding and support during the 2nd H@ART Summit.
14. Sandhya Devanathan has been appointed as the new head of Meta India e.f., January 2023.
15. November 17 – World Prematurity Day; Theme – “A Parent’s embrace: a powerful therapy. Enable skin-to-skin contact from the moment of birth”
16. Naturopathy Day (5th edition); Theme – Naturopathy: An Integrative Medicine
17. Danish Manzoor Bhat, Indian journalist at Newsweek, was honoured with Jaipur Foot USA’s first Global Humanitarian Award.
18. Noted Odiya literateur and former Indian ambassador Abasara Beuria has passed away.
19. Gulam Abbas Moontasir, Arjuna awardee and former captain of Indian men’s basketball team, has passed away.

National News

1. India’s first university for the cooperative sector may come up in New Delhi for which the Centre has already given its in-principle approval.
   • At present, National Council for Cooperative Training is the only institution which provides education and training in the cooperative sector.
2. The central government has raised the maximum tenure of the managing director (MD) and chief executive officer (CEO) of public sector banks (PSBs) to 10 years from 5 years while retaining the superannuation age at 60.
   • The MD or the executive director of a public sector undertaking bank was eligible for a maximum tenure of 5 years or until they reach 60, whichever was earlier.
3. The 8th Norway-India joint working group maritime meeting was held in Mumbai.
4. Maritime SheEO Conference was held at Taj Santa Cruz in Mumbai on the theme of “Changing Leadership Paradigms”.

State News

1. The Government of Karnataka has signed an MOU with Google to support its vision of promoting innovation and spurring the growth of startups across the state.
   • The Karnataka Innovation and Technology Society (KITS) will work with women-led founders and startups across tier 2 and tier 3 cities to offer essential training, access to partners, expertise on Google’s suite of tools and technologies.
   • The KITS will also offer knowledge and mentorship sessions in areas such as Cloud, User Experience, Android, Web, Product Strategy, Leadership and Marketing.
2. Baliyatra has entered the Guinness World Record for making 22,000 paper boats in 35 minutes. The Guinness Record was created to raise global awareness about Cuttack’s Baliyatra in Odisha.
   • It is considered to be one of Asia’s largest open trade fairs.
   • The festival is held in Odisha, in the city of Cuttack at Gadagadia Ghat of the Mahanadi River, to mark the day when ancient Odia mariners set sail to distant lands of Bali, as well as Java, Sumatra, Borneo (all in Indonesia), and Sri Lanka (formerly Ceylon) for trade and cultural expansion.

Defence News

1. INS Trikand participated in the Combined Maritime Forces (CMF) led Focused Operation “Sea Sword 2” in the Northwest Arabian Sea to counter terrorism, prevent narcotics trade and stop smuggling entities from using the seas for their nefarious activities.

Reports and Indices

1. Researchers at the Indian Institute of Technology-Gandhinagar has published a study of sequential extreme weather events.
   • The report covers heatwaves in the summer and extreme rainfall in summer monsoon seasons from 1951 to 2020.

Banking and Economy

1. SoftBank divested 4.5% stake in Paytm’s parent One97 Communications for Rs 1,631 crore through an open market transaction.
2. RBI has approved DSP Investment Managers Private Ltd to acquire 99% stake in Equitas Small Finance Bank.
3. Private Equity fund KKR & Co-backed clean energy platform Serentica Renewables has entered into an agreement with Greenko Group, to source 1500 MWhr energy storage capacity through Greenko’s pumped storage projects located in India.
   • Greenko Group is the world’s largest energy storage company and one of the largest clean energy companies globally.
4. Tata Power Solar Systems Limited, a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has partnered with Union Bank of India (UBI) to help MSME sector switch to solar solutions.
   • The association will be implemented under UBI’s solar scheme called ‘Union Solar’.
5. HDFC Capital, a subsidiary of Housing Development Finance Corporation Ltd, has shortlisted 10 startups for funding and support during the 2nd H@ART Summit.
   • H@ART Platform has raised over Rs 500 crore.
   • The platform launched HDFC Real Estate Tech Innovators 2022 challenge in partnership with Startup India. The Challenge has selected 10 startups.
   • The startups have been selected across different categories Construction Tech, Sales and FinTech and Sustainability Tech.

Appointments

1. Sandhya Devanathan has been appointed as the new head of Meta India e.f., January 2023.

Important Days

1. November 17 – World Prematurity Day; Theme – “A Parent’s embrace: a powerful therapy. Enable skin-to-skin contact from the moment of birth”
2. November 18 –
   • Naturopathy Day (5th edition); Theme – Naturopathy: An Integrative Medicine
   • 60th anniversary of the Battle of Rezang La (in 1962, the 13th battalion of the Kumaon Regiment fought against the Chinese attack at the Rezang La Pass in Ladakh)

Awards

1. Danish Manzoor Bhat, Indian journalist at Newsweek, was honoured with Jaipur Foot USA’s first Global Humanitarian Award.

Miscellaneous

1. Noted Odiya literateur and former Indian ambassador Abasara Beuria has passed away.
2. Gulam Abbas Moontasir, Arjuna awardee and former captain of Indian men’s basketball team, has passed away.

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